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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Amid an irrational competition brewing in India’s quick-commerce sector, the food and grocery delivery company seems to be taking a far more conservative approach compared to its peers, despite having Rs 16,000 crore in the bank.
When Swiggy released its second-quarter results in October last year, we had said that in the face of heightened competition in quick commerce, the company seemed to be substituting strategy with capital. At the time, the food and grocery delivery platform had announced its decision to raise up to Rs 10,000 crore ($1.1 billion) through the qualified institutional placement (QIP) route.
Three months later, Swiggy seems to have made up its mind. It appears the company has finally arrived at the strategy it wants to follow going forward in the quick-commerce race. And it could not be farther from what …
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
